https://www.taxtmi.com/caselaws?id=782494 NCLAT considered an application seeking condonation of 389 days' delay in refiling an appeal against dismissal of a Section 9 IBC application. The appellant only asserted that the delay was unintentional and due to reasons beyond its control, without furnishing specific or sufficient cause. NCLAT held that under the time-bound framework of IBC, delay in refiling can be condoned only on demonstrating reasonable, justifiable, and uncontrollable circumstances, which were absent here. Finding an unduly long and unexplained delay, NCLAT dismissed the condonation application and consequently rejected the appeal. en-us Mon, 13 Oct 2025 00:00:00 +0530 Mon, 01 Dec 2025 08:50:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782494 NCLAT considered an application seeking condonation of 389 days' delay in refiling an appeal against dismissal of a Section 9 IBC application. The appellant only asserted that the delay was unintentional and due to reasons beyond its control, without furnishing specific or sufficient cause. NCLAT held that under the time-bound framework of IBC, delay in refiling can be condoned only on demonstrating reasonable, justifiable, and uncontrollable circumstances, which were absent here. Finding an unduly long and unexplained delay, NCLAT dismissed the condonation application and consequently rejected the appeal. Case-Laws IBC Mon, 13 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782494